Stuttgart local council approves statutes for the right of first refusal for the Eiermann campus in Vaihingen

Stuttgart local council approves statutes for the right of first refusal for the Eiermann campus in Vaihingen

According to a report by www.stuttgarter-zeitung.de, the Stuttgart local council has decided to issue statutes for a right of first refusal for the Eiermann campus in Vaihingen. On the 18 hectare area, 2,000 apartments could be built for broad sections of the population and modular buildings could be erected for refugees at short notice. The former IBM enclave is currently owned by Adler Group subsidiary Consus Real Estate, which is forced to sell due to restructuring. The entire real estate industry is currently in crisis due to rising loan interest rates and construction costs.

The introduction of a right of first refusal by the city of Stuttgart for the Eiermann site in Vaihingen could have far-reaching effects on the real estate market. On the one hand, the availability of living space for different segments of the population will be increased, which could have a positive impact on the housing shortage in the region. The construction of modular buildings for refugees could also help to improve the accommodation situation.

On the other hand, the selling pressure on the Adler Group and its subsidiary Consus Real Estate could influence the prices for real estate in the region. The sale of the site under pressure of restructuring could occur at a cheaper price, which could potentially impact the valuation of other properties in the area.

Overall, it can be seen that the introduction of the right of first refusal for the Eiermann area in Vaihingen could result in important changes in the real estate market in the Stuttgart region, both in terms of the availability of living space and the prices of real estate.